Find the incorrect option:a)Underemployment means more people engaged...
The Incorrect option is (b): Underemployment is found only in agricultural sector.
Correct answer is: Underemployment is found mostly in agricultural sector.
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Find the incorrect option:a)Underemployment means more people engaged...
Explanation:
Underemployment refers to a situation where individuals are working in jobs that are below their skill level or are working fewer hours than they desire. It is a form of unemployment that occurs when workers are not fully utilized or are not able to find jobs that match their qualifications and preferences.
Incorrect option:
Option b) Underemployment is found only in the agricultural sector.
Explanation:
Underemployment is not limited to the agricultural sector. It can occur in any sector of the economy. While it is true that underemployment is often associated with the agricultural sector, where seasonal fluctuations and low productivity can lead to a surplus of labor, it is not exclusive to this sector. Underemployment can also be found in industries such as manufacturing, services, construction, and others.
Key Points:
- Underemployment occurs when individuals are working in jobs that do not fully utilize their skills or when they are unable to find jobs that match their qualifications and preferences.
- It is not limited to the agricultural sector but can occur in any sector of the economy.
- Underemployment is also known as disguised unemployment because individuals may be employed but are not fully utilized or are working in jobs that do not match their qualifications.
- It is a significant issue as it leads to inefficiencies in the labor market and can result in lower productivity and income levels for individuals.
- Policies to address underemployment include promoting skill development and training programs, encouraging entrepreneurship, and fostering economic growth to create more job opportunities.
Overall, underemployment is a complex issue that affects individuals across various sectors of the economy. It is important to recognize and address underemployment to ensure that individuals are able to fully utilize their skills and contribute to economic growth and development.
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